AMERICAN EXPRESS CO — Director's Dealing 2006

Feb 22, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2006-02-21

Reporting Person: CHENAULT KENNETH I (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-21	Common Stock	S	36300	$54.11	Disposed	695162	Direct
2006-02-21	Common Stock	S	37400	$54.12	Disposed	657762	Direct
2006-02-21	Common Stock	S	100	$54.13	Disposed	657662	Direct
2006-02-21	Common Stock	S	2000	$54.14	Disposed	655662	Direct
2006-02-21	Common Stock	S	3900	$54.15	Disposed	651762	Direct
2006-02-21	Common Stock	S	3100	$54.16	Disposed	648662	Direct
2006-02-21	Common Stock	S	1200	$54.17	Disposed	647462	Direct
2006-02-21	Common Stock	S	900	$54.2	Disposed	646562	Direct
2006-02-21	Common Stock	S	10800	$54.26	Disposed	635762	Direct
2006-02-21	Common Stock	S	5000	$54.27	Disposed	630762	Direct
2006-02-21	Common Stock	S	1000	$54.29	Disposed	629762	Direct
2006-02-21	Common Stock	S	1300	$54.3	Disposed	628462	Direct
2006-02-21	Common Stock	S	2925	$54.45	Disposed	625537	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27600	Indirect
Common Stock	14903	Indirect
Common Stock	18092	Indirect
Common Stock	43611	Indirect
Common Stock	40764	Indirect
Common Stock	86000	Indirect
Common Stock	222971	Indirect

Footnotes

F1: Shares held in reporting person's account under the Company's Incentive Savings Plan. This plan uses unit accounting, and the number of shares that a participant is deemed to hold varies with the unit price of the Company pooled stock fund.